reports
- Hilde Van Boxstael
- Jacob Mekhael
- Lynn Hautekeete
- Thomas Vranken
- Wim Hoste
- Wim Lewi
- Wim Hoste
Umicore The future looks more uncertain – trimming target price to € 2...
Following the surprising CEO change in mid May and the company's comments that re-assessing the development plans in Battery Materials would be one of the main priorities of the new CEO, we have decided to take a more prudent stance on the prospects and growth of the CAM business. Whilst higher precious metals prices prompt us to overall increase our group adjusted EBITDA forecasts for 2024 and 2025 by c. 1%, the more cautious CAM scenario impacts our group adjusted EBITDA forecast for 2030 by -...
- Frank Claassen
Umicore - Lingering doubts on Battery Materials
• We have lowered our estimates for Battery materials, following the sudden CEO replacement and announced review in a challenging market context.• Our doubts on Battery Materials are still there as its ROCE is too low, given the unclear roadmap of EV demand, technology and competition. • We have lowered our value for Battery Materials by ~EUR 1bn to EUR 1.4bn. Our SOTP-based TP now arrives at EUR 19 (was EUR 23). Hold
Corbion reports the progress of its € 20 million share buyback program...
Corbion reports the progress of its € 20 million share buyback program 20 May – 24 May 2024 Corbion hereby reports the transaction details related to its € 20 million share buyback program announced on 26 April 2024. During the week of 20 May up to and including 24 May 2024 a total of 70,111 shares were repurchased at an average price of €20.7635 for a total amount of €1,455,751.78. To date, the total consideration for shares repurchased amounts to €6,304,382.81 representing 31.52% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of t...
- Guy Sips
- Kristof Samoy
- Michiel Declercq
- Sharad Kumar S.P
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
Benelux Local Champions Conference Book 28.05.2024
This conference book is your guide to our annual Benelux Local Champions Conference set to take place on Tuesday, 28 May 2024 at our historic building at Grand Place in Brussels. This event offers the possibility to have one-on-one meetings and/or small group meetings with the following Benelux companies and their top management & IR ACKERMANS & VAN HAAREN | AGEAS | AKZONOBEL | ASML | BPOST | CORBION | EURONAV | GBL | MELEXIS | SOFINA | TITAN | TKH GROUP
Corbion Nv: 1 director
A director at Corbion Nv bought 3,620 shares at 20.670EUR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
- ING Helpdesk
Corbion reports the progress of its € 20 million share buyback program...
Corbion reports the progress of its € 20 million share buyback program 13 May – 17 May 2024 Corbion hereby reports the transaction details related to its € 20 million share buyback program announced on 26 April 2024. During the week of 13 May up to and including 17 May 2024 a total of 132,271 shares were repurchased at an average price of €21.5402 for a total amount of €2,849,146.51. To date, the total consideration for shares repurchased amounts to €4,848,631.04 representing 24.24% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of the...
Umicore S.A.: 1 director
A director at Umicore S.A. bought 5,100 shares at 19.820EUR and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...
- ING Helpdesk
Benelux Morning Notes
AEGON: 1Q24, new unexpected SBB, underlying OCG better, strong ratios across. Belgian telecoms: Digi to start with mobile. CFE: Preview - forecasting revenue numbers… D'Ieteren: Belron US peer Boyd 1Q24 below consensus, warns on 2Q24 growth. Econocom: Joins consortium formed by Onepoint and Butler Industries to acquire Atos. KBC: 1Q24 better across, special dividend, capital distribution pushed back to 1H25. Syensqo: 1Q24 a touch better, positive earnings momentum confirmed. Umicore:...
- Hilde Van Boxstael
- Jacob Mekhael
- Lynn Hautekeete
- Sharad Kumar S.P
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Wim Hoste
Umicore FIRST LOOK: Bart Sap to become new CEO
Umicore has nominated its Catalysis head Bart Sap as new group CEO, in succession of Mathias Miedreich, who is stepping down in mutual agreement with the Board. The press release points out that capex spend will be re-evaluated under the new CEO, suggesting that the company might slow down its growth plans somewhat in light of the slower battery materials market growth and taking into account the balance sheet implications of the initial capex plans. We continue to believe Umicore is well placed...
- Frank Claassen
Umicore - CEO leaving raises even more question marks
• As of today CEO Mathias Miedreich will be replaced by Bart Sap, who was leading the Catalysis division. • Priority of the new CEO will be to review all the developments plans in Battery materials.• We always had our question marks and doubts on all these investments and the return profile of Battery materials and this is only further increased by this surprising news. We put our rating (Hold), estimates and TP (was EUR 23) under review.
Corbion General Shareholders Meeting approves Board (re)appointments a...
Corbion General Shareholders Meeting approves Board (re)appointments and dividend The annual Corbion General Shareholders Meeting held on 15 May 2024 approved the reappointment of Ilona Haaijer and Steen Riisgaard as members of the Supervisory Board. Peter Kazius was appointed as CFO. He will succeed Eddy van Rhede van Kloot, and will form the Board of Management together with CEO Olivier Rigaud. At the shareholders meeting the proposed dividend of € 0.61 per ordinary share for the financial year 2023 was also approved. Dividends will be all-cash and will in principle be subject to Dutch ...
- Stephane Beyazian
- Stephane Beyazian
- Martijn Den Drijver
Umicore : SFPIM takes 5% stake, likely to defend and influence Umicore
>Belgian sovereign wealth fund takes 5% stake via public market purchases - The Belgian sovereign wealth fund SFPIM has announced it has built up a stake of 5% in Umicore. The unit acquired the shares in the market (3% threshold crossed on May 3rd, 5% threshold crossed on May 8), explaining the unexplained run up in the shares last week. For those that do not know SFPIM, it is an investment fund that takes stakes in listed and unlisted companies with a mission that is...
- Guy Sips
- Jacob Mekhael
- Sharad Kumar S.P
- Wim Hoste
Corbion reports the progress of its € 20 million share buyback program...
Corbion reports the progress of its € 20 million share buyback program 6 May – 10 May 2024 Corbion hereby reports the transaction details related to its € 20 million share buyback program announced on 26 April 2024. During the week of 6 May up to and including 10 May 2024 a total of 56,299 shares were repurchased at an average price of €21.3620 for a total amount of €1,202,658.73. To date, the total consideration for shares repurchased amounts to €1,999,484.52 representing 10.00% of the overall share buyback program. Corbion publishes on a weekly basis every Monday, an overview of the pr...
- Hilde Van Boxstael
- Lynn Hautekeete
- Michiel Declercq
- Thomas Vranken
- Wim Lewi
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.